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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (42810)	7/21/2010 6:25:42 PM
From: Skeeter Bug	1 Recommendation Read Replies (1) \| Respond to of 42834

Boca, i spent the vast majority of my cash to pay off my home - so the big silver and gold bullion purchase isn't on the table anymore. i was aware of this - but thanks for bringing it up in case i didn't. there are a few ways to view this. if the deflationary collapse hits, LOTS of stuff will be done OFF THE GRID and WE, THE PEOPLE will be so outraged that reporting crap to the government won't be first and foremost on many people's minds. think mad max with 100 million hungry people. of course, that environment has risk for anyone with anything of value to the hordes. gold and bonds are predicting this exact scenario, imho. i hear people say how gold is money and is rising as the other currencies fall, but if that were true, ALL COMMODITIES (silver, anyone?) would be rising with gold. not happening. i believe that gold is going up for the exact same reason i paid off my house - people are buying assets to get their cash out of the banking system to protect their wealth from bank "holidays," as it were. lots of rich folks have houses paid off, so they have to buy something else - gold - to keep their wealth out of the bankrupt financial system. silver is too bulky, so demand is relatively low for it. i've actually been eyeing CEF as my IRA vehicle for my planned long gold, short markets hedge. I should have put it on this morning... maybe tomorrow. for those who want gold and silver exposure in the financial markets, i hear CEF gives that exposure AND long term cap gains rates as long as some kind of form is filled out annually - research it if interested. >>Best wishes for survival under the increasing grip of this regime<< if by "this regime" you mean the financial oligarchs that control both parties... i'm with you. the two party system is a psy-op designed to fool the populace into thinking they have a "choice." YOU DON'T - both parties are controlled at the top. csper.org csper.org so is the idea we have a democracy - we don't. we have a constitutional republic (in theory, anyway). why make the distinction? the latter limits government and the former makes it seem as though a criminal, corrupt government can do whatever it wants b/c it was "elected" to do so in a "democracy." what is actually functioning a passive aggressive financial dictatorship. this needs to change.